Danske Bank A S Buys 7,800 Shares of LyondellBasell Industries N.V. $LYB

Danske Bank A S increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 244,061 shares of the specialty chemicals company’s stock after purchasing an additional 7,800 shares during the quarter. Danske Bank A S’s holdings in LyondellBasell Industries were worth $10,568,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Mutual Advisors LLC grew its holdings in LyondellBasell Industries by 1.7% during the 4th quarter. Mutual Advisors LLC now owns 20,516 shares of the specialty chemicals company’s stock valued at $888,000 after purchasing an additional 335 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in LyondellBasell Industries by 0.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 87,985 shares of the specialty chemicals company’s stock valued at $3,810,000 after purchasing an additional 825 shares during the last quarter. AMG National Trust Bank bought a new position in LyondellBasell Industries during the 4th quarter valued at about $3,252,000. Wealthfront Advisers LLC grew its holdings in LyondellBasell Industries by 3.7% during the 4th quarter. Wealthfront Advisers LLC now owns 89,197 shares of the specialty chemicals company’s stock valued at $3,862,000 after purchasing an additional 3,169 shares during the last quarter. Finally, ARGA Investment Management LP grew its holdings in LyondellBasell Industries by 107.6% during the 4th quarter. ARGA Investment Management LP now owns 76,414 shares of the specialty chemicals company’s stock valued at $3,309,000 after purchasing an additional 39,597 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $76.00 on Tuesday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The company’s 50-day simple moving average is $70.67 and its two-hundred day simple moving average is $55.66. The company has a market capitalization of $24.53 billion, a P/E ratio of -30.52, a P/E/G ratio of 0.26 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 5.44 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.6%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Morgan Stanley upped their price objective on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective on the stock in a research report on Wednesday, March 4th. Jefferies Financial Group upped their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Citigroup upped their price objective on LyondellBasell Industries from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Finally, Alembic Global Advisors raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.76.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.